Almunajem Foods shareholders approve the Board of Directors to distribute interim dividends semi-annually or quarterly for fiscal year 2026. The decision follows the company’s Extraordinary General Assembly Meeting. This authorization allows flexibility in dividend payout frequency during the upcoming fiscal period.
Almunajem Foods Co. acquires the global Doux and Supreme poultry brands from France Poultry for €20.5 million. The agreement covers intellectual property rights for both brands, expanding Almunajem’s portfolio in the international poultry market. The transaction reflects a strategic move to strengthen its presence in premium poultry products.
Almunajem Foods Co. partners with Balady Poultry for a seven-year agreement covering poultry processing and distribution in Saudi Arabia. The deal integrates Balady’s production capacity into Almunajem’s supply chain, expanding its local food supply network.
Almunajem Foods Co. has received a letter of intent from Al-Jouf Agricultural Development Co. (JADCO) to initiate non-binding discussions about a potential strategic investment. The talks aim to explore collaboration opportunities between the two companies in the agricultural sector. Almunajem Foods seeks to expand its presence in Saudi Arabia’s food industry through strategic partnerships.